Kenya could spend more than 80 per cent -- $1.6 billion -- of the proceeds of its $2 billion Eurobond issued three weeks ago to retire syndicated loans contracted in the past two years. This puts the country in a vicious cycle of rolling over external debt by using new loans to retire maturing ones.
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Source link : http://www.topix.com/world/kenya/2018/03/kenya-eurobond-prospectus-lays-bare-kenyas-precarious-debt-position?fromrss=1
Publish date : 2018-03-14 04:11:28